Markets
QBE Joins $30M Financing Round for Machine Learning Startup HyperScience
HyperScience, a startup using machine learning to automate office work-related data entry and more, attracted $30 million in Series B financing from investors including Australian insurer QBE. New ...
U.S. P/C Insurers Produced $4.7B Net Underwriting Gain Through Q3 2018
The U.S. property/casualty insurance private market produced a $4.7 billion net underwriting profit over the first nine months of 2018, according to a new report from ISO/Verisk and the American ...
When MGAs manage a high volume of insurance submissions, underwriting speed often depends on what happens before an underwriter ever...
Pentagon Warns Climate Change Poses Dire Risks to Bases and Troops
The U.S. Defense Department has issued a dire report on how climate change could affect the nation's armed forces and security, warning that rising seas could inundate coastal bases and ...
Cash-Starved California Utility Won’t Commit to Paying 2015 Fire Victim Settlements
PG&E Corp. is so cash-starved that it won't commit to paying settlements reached with people who lost their homes in a 2015 wildfire caused by a tree falling on a power line. The disclosure by a ...
Guy Carpenter Appoints Post-JLT Merger Executives, Forms New Division
Reinsurance broker Guy Carpenter & Co. has formed a new division and made a series of executive appointments effective after parent company Marsh & McLennan Cos. closes its acquisition of ...
ArgoGlobal and Italian InsurTech Firm Provide On-Demand Insurance for Gig Workers
ArgoGlobal Assicurazioni S.p.A, a subsidiary of specialty re/insurer Argo Group International Holdings Ltd., is working with InsurTech startup Axieme to provide on-demand, pay-as-you-go insurance for ...
Big 3 Drive Personal Auto Insurance Recovery; Signs of Rate Hike Fatigue Ahead
Steady improvement for U.S. personal auto insurance companies has culminated in the sector's best underwriting performance in 10 years, according to a report from Fitch Ratings. The market ...
Gen. McChrystal at the I.I.I. Joint Industry Forum: Good Leaders Are Gardeners
Gen. Stanley McChrystal said a leader should be a gardener. That isn't necessarily something you'd expect to hear from McChrystal, a retired United States Army four-star general, and former commander ...